BusinessPostCorner.com
No Result
View All Result
Saturday, June 14, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Metaplanet Acquires Another 555 BTC for $53M, Issues $25M in Bonds for More Purchases

May 7, 2025
in Crypto News
Reading Time: 3 mins read
A A
0
Metaplanet Acquires Another 555 BTC for M, Issues M in Bonds for More Purchases
ShareShareShareShareShare

Japanese investment firm Metaplanet has added 555 more Bitcoin to its growing treasury, continuing its aggressive accumulation strategy.

The company disclosed on Wednesday that it spent approximately $53.4 million on the purchase, acquiring the BTC at an average price of $96,134.

The latest acquisition brings Metaplanet’s total holdings to 5,555 BTC, valued at roughly $481.5 million.

Metaplanet CEO Celebrates 5,555 Bitcoin Milestone

CEO Simon Gerovich celebrated the milestone with a post on X, referencing the Japanese pronunciation of the number 5 — “Go” — and declaring: “Go go go go — to the moon and beyond!”

ゴーゴーゴーゴー!5555 BTC達成!
In Japanese, the number 5 is pronounced “Go”, so today we’re shouting:
Go go go go — to the moon and beyond! pic.twitter.com/dqIDGu5bDT

— Simon Gerovich (@gerovich) May 7, 2025

The company began its Bitcoin-focused strategy in April 2024 and has set an ambitious target of holding 10,000 BTC by the end of 2025.

With its latest purchase, it has now reached more than halfway toward that goal.

To fund its ongoing BTC buys, Metaplanet also announced the issuance of another $25 million in ordinary bonds.

This marks the firm’s 13th bond issuance, following a similar $25 million raise just a week ago.

*Metaplanet Issues 25 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/ruPsX85Ot1

— Metaplanet Inc. (@Metaplanet_JP) May 7, 2025

In parallel with its crypto strategy, Metaplanet is expanding internationally.

Last week, it revealed plans to launch a wholly owned U.S. subsidiary in Miami, Florida—an emerging hub for Bitcoin companies and fintech innovation.

The new entity, Metaplanet Treasury Corp., will serve as a key vehicle for its U.S. operations.

According to Bitcointreasuries.net, Metaplanet is currently the largest public corporate Bitcoin holder in Asia and ranks 11th globally.

Michael Saylor’s MicroStrategy remains the global leader with 555,450 BTC.

Shares of Metaplanet rose 13.3% on Wednesday following the news, as afternoon trading continued on the Tokyo Stock Exchange.

Public Companies Show Continued Interest in Bitcoin

Just recently, Michael Saylor’s firm, Strategy, announced it is doubling its capital raising plan to $84 billion in an aggressive push to acquire more Bitcoin.

The Virginia-based company disclosed Thursday that it has filed to sell an additional $21 billion in common shares after depleting a previous program of the same size authorized in October.

It also doubled its debt issuance target from $21 billion to $42 billion, leaving $14.6 billion remaining under its current authorization.

In the first quarter of the year, publicly traded companies increased their Bitcoin holdings by 16.1%, signaling continued institutional interest in the leading cryptocurrency despite market volatility.

However, despite public companies’ interest in the leading cryptocurrency, the US government has shown a lack of interest in purchasing Bitcoin.

The United States is unlikely to significantly increase its Bitcoin holdings, said BitMEX co-founder Arthur Hayes, citing the country’s ballooning national debt and the cultural image tied to Bitcoin investors.

In a recent interview, Hayes cast doubt on the idea that the U.S. would proactively build a “strategic Bitcoin reserve,” beyond the nearly 200,000 BTC already in its possession.

The post Metaplanet Acquires Another 555 BTC for $53M, Issues $25M in Bonds for More Purchases appeared first on Cryptonews.


Credit: Source link

ShareTweetSendPinShare
Previous Post

India says strikes on Pakistan meant to deter further attacks

Next Post

Minimum age to be a train driver lowered to 18

Next Post
Minimum age to be a train driver lowered to 18

Minimum age to be a train driver lowered to 18

National Guard deployed in LA against anti-deportation protesters

National Guard deployed in LA against anti-deportation protesters

June 8, 2025
Optimism declines among accountants | Accounting Today

Optimism declines among accountants | Accounting Today

June 11, 2025
How overconfidence can kill a COO’s shot at the corner office

How overconfidence can kill a COO’s shot at the corner office

June 11, 2025
Trump tests limits of presidential authority by sending troops into LA

Trump tests limits of presidential authority by sending troops into LA

June 10, 2025
Israel’s strikes on Iran in videos and maps

Israel’s strikes on Iran in videos and maps

June 13, 2025
Minister to soften impact of planned disability benefit cuts

Minister to soften impact of planned disability benefit cuts

June 13, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Venice is set to host Jeff Bezos and Lauren Sanchez’s fairytale wedding—but residents aren’t feeling the love

Venice is set to host Jeff Bezos and Lauren Sanchez’s fairytale wedding—but residents aren’t feeling the love

June 14, 2025
Did the US know about Israel’s attack all along?

Did the US know about Israel’s attack all along?

June 14, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!